Terms and Conditions

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY BEFORE USING OUR SERVICES DESCRIBED BELOW. BY SELECTING “I AGREE”, USING OUR SERVICES OR USING CRYPTONORAS WEBSITE, YOU ARE ACKNOWLEDGING THAT YOU HAVE READ THESE TERMS AND YOU ARE AGREEING TO BE BOUND BY THEM. IF YOU DO NOT AGREE TO THESE TERMS, DO NOT USE OUR SERVICES OR USE THE CRYPTONORAS PLATFORM.

GENERAL

Cryptonoras operates as a service provider for providing crypto currency mining computer hashing power in various plans to its buyers. Cryptonoras has its own computer hashing power and it only provides mining computer hashing power to its users in the Cryptonoras platform or website. The various plans like beginner, intermediate, advanced and superior are the products developed by Cryptonoras which provides computer hashing power to its users by selling their computer hashing power according to the plans to its buyers for a period of time. These terms and any terms expressly incorporated herein apply to your access and use of the Cryptonoras website, by Cryptonoras as well as your use of Cryptonoras services and Cryptonoras website.

DEFINITIONS

Cryptonoras means a private limited liability company organized and existing under the laws of Norway, with name CRYPTONOR AS and registered address at 125, Myrsætervegen 9, 3522 Bjoneroa, Norway. Cryptonoras is the service provider, provider of mining hashing computer power to its users in the Cryptonoras website and developer of the Cryptonoras website, hereinafter referred to as “Cryptonoras”, as well as “we” or “us”.

Cryptonoras marketplace means an infrastructure provided by us which enables our mining hashing computer power to the Cryptonoras website users and sold as generic mining hashing computer power in various packages to the users/buyers.

Mining hashing computer power buyer means a legal entity or individual who buys the plans with mining hashing computer power from us on the Cryptonoras website.

Mining hashing computer power provider means the company or Cryptonoras website which sells its mining hashing computer power to its plan buyers/users.

Cryptonoras website means the website located on the following web address: www.cryptonoras.com.

Cryptonoras account means an online account available on the Cryptonoras website and created by completing the registration procedure on the Cryptonoras website.

Cryptonoras account holder means a legal entity or individual who completes the registration procedure and successfully creates the Cryptonoras Account.

Cryptonoras wallet means a wallet created automatically for the account holder and provided by the Cryptonoras. Cryptonoras wallet holds the account holder’s deposits and returns from the plans purchased by the account holder.

PURCHASE OF MINING PLANS

Cryptonoras providers agree to sell its mining hashing computer power to its plan buyers on the terms set forth herein. According to the company, users get paid daily depending on the plan and mining hashing computer power purchased and paid for by the user. All the deposits are collected and sent in the Cryptonoras wallet, as shown in account holder’s dashboard. The user can withdraw their daily returns whenever they want, the minimum amount of is 0.01 of any crypto currency. The user gets mining hashing computer power depending on the plan purchased and is up to a limit not exactly a particular amount of mining hashing computer power. It can vary depending on the mining hashing computer power generated by the mining hashing power rigs. These cases include usage of slower hardware as well as software, hardware or network errors. In all cases, users are paid for such mining hashing computer power in daily returns which are the average of mining hashing computer power generated by the mining hashing power rigs.

Cryptonoras user needs to register at the domain www.cryptonoras.com, in order to purchase a plan the user needs to transfer the crypto currency from their external storage wallet to the Cryptonoras wallet. At the time of transfer of crypto currency the user needs to send the exact amount that the transaction system asks the user to pay so the system can recognize the payment and add it to the user's Cryptonoras wallet instantly with 0 confirmations of the transaction. Sending exact amount that the transaction system asks is a security measure which helps the company keep the website and user transactions more secure. Cryptonoras will charge a fee to retrieve an unrecognized payment which is if the amount sent is different then what the transaction system asked the user to pay. In this case, the user needs to write a mail to the company mentioning the transaction details and the fee will be deducted from the sent amount and remaining amount will be credited to the user's Cryptonoras wallet. The user can now subscribe to any number of plans of their choice and get daily returns from their contribution in the crypto currency mining for the time period as described in the plan itself. The daily returns will be credited to the Cryptonoras wallet of the user; the user can subscribe to more plans with the returns or withdraw it from the Cryptonoras wallet to their external wallet whenever they want. The minimum amount of withdrawal is 0.01 of any crypto currency, this withdrawal will be sent to the user's external wallet within 12 hours from the time of withdrawal from the Cryptonoras wallet.

All payments will be processed in crypto currency and Cryptonoras does not provide an option to sale and purchase of the plans in fiat currency/credit card/debit card/net banking, etc.

RISK DISCLOSURE

If you choose to use Cryptonoras services and Cryptonoras wallet, it is important that you remain aware of the risks involved, that you have adequate technical resources and knowledge to bear such risks and that you monitor your transactions carefully.

GENERAL RISK

You understand that Cryptonoras services, block chain technology, bitcoin, all other crypto currencies and crypto tokens, proof of work concept and other associated and related technologies are new and untested and outside of Cryptonoras’s control. You acknowledge that there are major risks associated with these technologies. In addition to the risks disclosed below, there are risks that Cryptonoras cannot foresee and it is unreasonable to believe that such risk could have been foreseeable. The performance of Cryptonoras’s obligation under these terms will terminate if market or technology circumstances change to such an extent that (i) these terms clearly no longer comply with Cryptonoras’s expectations, (ii) it would be unjust to enforce Cryptonoras’s obligations in the general opinion or (iii) Cryptonoras’s obligation becomes impossible.

ACCOUNT ABUSE

You acknowledge that there is risk associated with the Cryptonoras's account abuse and that you have been full informed and warned about it. The funds stored in the Cryptonoras wallet may be disposed by third party in case the third party obtains the account holder’s login credentials. The account holder shall protect his login credentials and his electronic devices where the login credentials are stored against unauthorized access.

ACCOUNT ABUSE

You acknowledge that there is risk associated with the Cryptonoras's account abuse and that you have been full informed and warned about it. The funds stored in the Cryptonoras wallet may be disposed by third party in case the third party obtains the account holder’s login credentials. The account holder shall protect his login credentials and his electronic devices where the login credentials are stored against unauthorized access.

REGULATORY RISK

You acknowledge that there is risk associated with future legislation which may restrict, limit or prohibit certain aspects of block chain technology which may result also in restriction, limitation or prohibition of Cryptonoras services and that you have been fully informed and warned about it.

RISK OF HACKING

You acknowledge that there is risk associated with hacking Cryptonoras services and Cryptonoras wallet and that you have been fully informed and warned about it. Hacker or other groups or organizations may attempt to interfere with Cryptonoras services or Cryptonoras wallet in any way, including without limitation denial of services attacks, sybil attacks, spoofing, smurfing, malware attacks, mining attacks or consensus-based attacks.

CRYPTOCURRENCY RISK

You acknowledge that there is risk associated with the crypto currencies which are used as payment method and that you have been fully informed and warned about it. Crypto currencies are prone to, but not limited to, value volatility, transaction costs and times uncertainty, lack of liquidity, availability, regulatory restrictions, policy changes and security risks.

CONNECTION RISK

You acknowledge that there are risks associated with usage of Cryptonoras services which are provided through internet including, but not limited to, the failure of hardware, software, configuration and internet connections and that you have been fully informed and warned about it. You acknowledge that Cryptonoras will not be responsible for any configuration, connection or communication failures, disruptions, errors, distortions or delays you may experience when using Cryptonoras services, howsoever caused.

WARRANTIES

Cryptonoras services are provided on “AS IS” and “AS AVAILABLE” basis and with all faults and defects. To the maximum extent permitted by applicable law, Cryptonoras makes no representations and warranties and you waive all warranties of any kind. Particularly, without limiting the generality of the foregoing, Cryptonoras makes no representations and warranties, whether express, implied, statutory or otherwise regarding Cryptonoras services or other services related to Cryptonoras services and provided by third parties, including any warranty that such services will be uninterrupted, harmless, secure or not corrupt or damaged, meet your requirements, achieve any intended results, be compatible or work with any other software, applications, systems or services, meet any performance or error free or that any errors or defects can or will be corrected. Additionally Cryptonoras makes no representations and warranties, whether express, implied, statutory or otherwise of merchantability, suitability, reliability, availability, timeliness, accuracy, satisfactory quality, fitness for a particular purpose or quality, title and non-infringement with respect to any of the Cryptonoras services or other services related to Cryptonoras services and provided by third parties, or quiet enjoyment and any warranties arising out of any course of dealing, course of performance, trade practice or usage of Cryptonoras services including information, content and material contained therein.

You acknowledge that you do not rely on and have not been induced to accept the Cryptonoras services according to these Terms on the basis of any warranties, representations, covenants, undertakings or any other statement whatsoever, other than expressly set out in these terms that neither Cryptonoras nor any of its respective agents, officers, employees or advisers have given any such warranties, representations, covenants, undertakings or other statements.

LIABILITY

Cryptonoras and their respective officers, employees or agents will not be liable to you or anyone else, to the maximum extent permitted by applicable law, for any damages of any kind, including, but not limited to, direct, consequential, incidental, special or indirect damages (including but not limited to lost profits, trading losses or damages that result from use or loss of use of Cryptonoras services or Cryptonoras wallet, even if Cryptonoras has been advised of the possibility of such damages or losses, including, without limitation, from the use or attempted use of Cryptonoras services, Cryptonoras wallet or other related websites or services.

Cryptonoras will not be responsible for any compensation, reimbursement, or damages arising in connection with: (i) your inability to use the Cryptonoras services, including without limitation as a result of any termination or suspension of the Cryptonoras website or these terms, power outages, maintenance, defects, system failures, mistakes, omissions, errors, defects, viruses, delays in operation or transmission or any failure of performance, (ii) the cost of procurement of substitute goods or services, (iii) any your investments, expenditures, or commitments in connection with these terms or your use of or access to the Cryptonoras services, (iv) your reliance on any information obtained from Cryptonoras, (v) Force Majeure Event, communications failure, theft or other interruptions or (vi) any unauthorized access, alteration, deletion, destruction, damage, loss or failure to store any data, including records, private key or other credentials, associated with Cryptonoras services or Cryptonoras wallet.

Our aggregate liability (including our directors, members, employees and agents), whether in contract, warranty, tort (including negligence, whether active, passive or imputed), product liability, strict liability or other theory, arising out of or relating to the use of Cryptonoras services, or inability to use Cryptonoras services under these terms or under any other document or agreement executed and delivered in connection herewith or contemplated hereby, shall in any event not exceed $100 USD per subscribed plan user.

You will defend, indemnify, and hold Cryptonoras harmless and all respective employees, officers, directors, and representatives from and against any claims, demand, action, damages, loss, liabilities, costs and expenses (including reasonable attorney fees) arising out of or relating to (i) any third-party claim concerning these Terms, (ii) your use of, or conduct in connection with, Cryptonoras services, (iii) any feedback you provide, (iv) your violation of these terms, (v) or your violation of any rights of any other person or entity. If you are obligated to indemnify us, we will have the right, in our sole discretion, to control any action or proceeding (at our expense) and determine whether we wish to settle it. If we are obligated to respond to a third-party subpoena or other compulsory legal order or process described above, you will also reimburse us for reasonable attorney fees, as well as our employee's and contractor's time and materials spent responding to the third-party subpoena or other compulsory legal order or process at reasonable hourly rates.

Cryptonoras services and the information, products, and services included in or available through Cryptonoras website may include inaccuracies or typographical errors. Changes are periodically added to the information herein. Cryptonoras may make improvements or changes on the Cryptonoras website at any time. No information provided to you by Cryptonoras shall be considered or construed as advice.

CRYPTONORAS ACCOUNT

The registration of the Cryptonoras account is made through the Cryptonoras website, where you are required to enter your email address and password in the registration form. After successful completion of registration, the confirmation email is sent to you. After you purchase a plan, a confirmation email for subscribing a plan is sent to you. After you withdraw a amount, a confirmation email for withdrawal of crypto currency is sent to you. After the amount of crypto currency is sent to you, a confirmation email for crypto currency has been sent is sent to you.

When you create a Cryptonoras account, you agree to (i) create a strong password that you change frequently and do not use for any other website, (ii) implement reasonable and appropriate measures designed to secure access to any device which has access to your email address associated with your Cryptonoras account and your username and password for your Cryptonoras account, (iii) maintain the security of your Cryptonoras account by protecting your password and by restricting access to your Cryptonoras account; (iv) promptly notify us if you discover or otherwise suspect any security breaches related to your Cryptonoras account so we can take all required and possible measures to secure your Cryptonoras account and (v) take responsibility for all activities that occur under your Cryptonoras account and accept all risks of any authorized or unauthorized access to your Cryptonoras account, to the maximum extent permitted by law.

Once the Cryptonoras account is created a Cryptonoras wallet is automatically created for the Cryptonoras account. Account holder’s Cryptonoras wallet is generated by Cryptonoras.

In order to purchase a plan the buyer must deposit funds to the Cryptonoras wallet, as the payments for the mining hashing power could be made only through Cryptonoras wallet. At the time of transfer of crypto currency to the Cryptonoras wallet the user needs to send the exact amount that the transaction system asks the user to pay so the system can recognize the payment and add it to the user's Cryptonoras wallet instantly with 0 confirmations of the transaction. Sending exact amount that the transaction system asks is a security measure which helps the company keep the website and user transactions more secure. Cryptonoras will charge a fee to retrieve an unrecognized payment which is if the amount sent is different then what the transaction system asked the user to pay. In this case, the user needs to write a mail to the company mentioning the transaction details and the fee will be deducted from the sent amount and remaining amount will be credited to the user's Cryptonoras wallet. The user can now subscribe to any number of plans of their choice and get daily returns from their contribution in the crypto currency mining for the time period as described in the plan itself. The daily returns will be credited to the Cryptonoras wallet of the user; the user can subscribe to more plans with the returns or withdraw it from the Cryptonoras wallet to their external wallet whenever they want. The minimum amount of withdrawal for any crypto currency is 0.01, this withdrawal will be sent to the user's external wallet within 24 hours from the time of withdrawal from the Cryptonoras wallet.

Cryptonoras account holder may load funds from their mobile/computer/external/paper wallet. Account holder may be charged fees by the mobile/computer/external/paper wallet provider or by the block chain network for such transaction. Cryptonoras is not responsible for any fees charged by mobile/computer/external/paper wallet providers or by the block chain network. Account holder is solely responsible for his use of mobile/computer/external/paper wallet accounts and account holder agrees to comply with all terms and conditions applicable to any mobile/computer/external/paper wallet accounts.

You have the right to use the Cryptonoras account only in compliance with these Terms and other commercial terms and principles published on the Cryptonoras website. In particular, you must observe all regulations aimed at ensuring the security of funds and financial transactions.

Provided that the balance of funds in your Cryptonoras wallet is greater than any minimum balance required to withdraw, you may withdraw from your Cryptonoras wallet any amount of funds, up to the total amount of funds in your Cryptonoras wallet, to mobile/computer/external/paper wallet account, no withdrawal fees shall be charged by Cryptonoras or by Cryptonoras wallet for such transaction. Withdrawals are processed instantly from the Cryptonoras wallet and may take up to 12 hours to reach user's mobile/computer/external/paper wallet. Some withdrawals may require additional verification information which you will have to provide in order to process the withdrawal.

You have the right to close the Cryptonoras account. In case you have funds on your Cryptonoras wallet you should withdraw funds from your account prior to requesting Cryptonoras account closure. After we receive your Cryptonoras account closure request we will deactivate your Cryptonoras account as soon as technically possible but at the latest in 7 days from the day after receiving your request to close the Cryptonoras account. Cryptonoras will inform you when your Cryptonoras account is closed.

Cryptonoras is not responsible for the loss of the funds, stored on or transferred from the Cryptonoras wallet, as well as for the erroneous implementation of the transactions made via Cryptonoras wallet, where such loss or faulty implementation of the transaction are the result of a malfunction of the Cryptonoras wallet and the malfunction was caused by you or the Cryptonoras wallet. You are obliged to inform Cryptonoras in case of loss or theft, as well as in the case of any possible misuse of the access data to your Cryptonoras account, without any delay, and demand change of access data or closure of your existing Cryptonoras account and submit a request for new access data. Cryptonoras will execute the change of access data or closure of the Cryptonoras account and the opening of new Cryptonoras account as soon as technically possible and without any undue delay.

All information pertaining to registration, including a registration form, generation of Cryptonoras wallet and detailed instructions on the use of the Cryptonoras account and Cryptonoras wallet are available at Cryptonoras website. The registration form as well as the entire system is properly protected from unwanted interference by third parties.

RIGHTS AND OBLIGATIONS

In the event of disputes with you, Cryptonoras is obliged to prove that the Cryptonoras service which is the subject of the dispute was not influenced by technical or other failure. You will have possibility to check at any time, subject to technical availability, the transactions details, statistics and available balance of the funds held on the Cryptonoras wallet, through access to the Cryptonoras account.

When accessing or using the Cryptonoras services or Cryptonoras wallet, you agree that you will not violate any law, contract, intellectual property or other third-party right or commit a tort, and that you are solely responsible for your conduct while using Cryptonoras services or Cryptonoras wallet.

As a condition of your use of the Cryptonoras services you warrant to Cryptonoras that you will not use the Cryptonoras services for any purpose that is unlawful or prohibited by these Terms. You may not use the Cryptonoras services in any manner that could damage, disable, overburden, or impair the provision of Cryptonoras services or interfere with any other party's use and enjoyment of the Cryptonoras services. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided to you or public through the Cryptonoras services.

We may, in our sole discretion, at any time, for any or no reason and without liability to you, with prior notice and with notice period of 30 days (i) terminate all rights and obligations between you and Cryptonoras derived from these Terms, (ii) suspend your access to all or a portion of Cryptonoras services, Cryptonoras wallet and its related services or any portion thereof and delete or deactivate your Cryptonoras account and all related information and files in such account (iii) modify, suspender discontinue, temporarily or permanently, any portion of Cryptonoras services or (iv) provide enhancements or improvements to the features and functionality of the Cryptonoras services, which may include patches, bug fixes, updates, upgrades and other modifications. Any such change may modify or delete certain portion, features or functionalities of the Cryptonoras services. You agree that Cryptonoras has no obligation to (i) provide any updates, or (ii) continue to provide or enable any particular portion, features or functionalities of the Cryptonoras services to you. You further agree that all changes will be (i) deemed to constitute an integral part of the Cryptonoras services, and (ii) subject to these Terms.

In the event of your breach of these Terms, including but not limited to, for instance, in the event that you breach any term of these Terms, due to legal grounds originating in anti-money laundering and know your client regulation and procedures, or any other relevant applicable regulation, all right and obligations between you and Cryptonoras derived from these Terms terminate automatically if you fail to comply with these Terms within the notice period of 8 days after you have been warned by Cryptonoras about the breach and given 8 days period to cure the breaches. Cryptonoras reserves the right to keep these rights and obligations in force despite your breach of these terms.

In the event of termination, Cryptonoras will attempt to return you any funds stored on your Cryptonoras wallet not otherwise owed to Cryptonoras, unless Cryptonoras believes you have committed fraud, negligence or other misconduct. You acknowledge that the Cryptonoras services and Cryptonoras wallet may be suspended for maintenance.

Technical information about the hashing power transactions, including information about chosen server locations, algorithms used, selected mining pools, your business or activities, including all financial and technical information, specifications, technology together with all details of prices, current transaction performance and future business strategy represent confidential information and trade secrets. Cryptonoras shall, preserve the confidentiality of all before mentioned information and shall not disclose or cause or permit to be disclosed without your permission any of these information to any person save to the extent that such disclosure is strictly to enable you to perform or comply with any of your obligations under these Terms, or to the extent that there is an irresistible legal requirement on you or Cryptonoras to do so; or where the information has come into the public domain otherwise than through a breach of any of the terms of these Terms. Cryptonoras shall not be entitled to make use of any of these confidential information and trade secrets other than during the continuance of and pursuant to these Terms and then only for the purpose of carrying out its obligations pursuant to these Terms.

COMMUNICATION AND SUPPORT

You agree and consent to receive electronically all communications, agreements, documents, receipts, notices and disclosures that Cryptonoras provides in connection with your Cryptonoras account or use of the Cryptonoras services. You agree that Cryptonoras may provide these communications to you by posting them via the Cryptonoras account or by emailing them to you at the email address you provide. You should maintain copies of electronic communications by printing a paper copy or saving an electronic copy.

It is your responsibility to keep your email address updated in the Cryptonoras account so that Cryptonoras can communicate with you electronically. You understand and agree that if Cryptonoras sends you an electronic communication but you do not receive it because your email address is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic communications, it will be deemed that you have been provided with the communication. You can update your Cryptonoras account preferences at any time by logging into your Cryptonoras account. If your email address becomes invalid such that electronic communications sent to you by Cryptonoras are returned, Cryptonoras may deem your account to be inactive and close it, and you may not be able to use the Cryptonoras services until Cryptonoras does not receive a valid, working email address from you.

You may give Cryptonoras a notice under these Terms by sending an email to contact@cryptonoras.com or contact Cryptonoras through support box located on the Cryptonoras website. All communication and notices pursuant to these Terms must be given in English language.

TAX

It is your responsibility to determine what, if any, taxes apply to the transactions you complete or services you provide via the Cryptonoras services and Cryptonoras wallet, it is your responsibility to report and remit the correct tax to the appropriate tax authority and all your factual and potential tax obligations are your concern. You agree that Cryptonoras is not in any case and under no conditions responsible for determining whether taxes apply to your transactions or services or for collecting, reporting, withholding or remitting any taxes arising from any transactions or services. You also agree that Cryptonoras is not in any case and under no conditions bound to compensate for your tax obligation or give you any advice related to tax issues.

INTELECTUAL PROPERTY

Cryptonoras retains all copyright and other intellectual property rights, including inventions, discoveries, knowhow, processes, marks, methods, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyrights or patents based thereon over all content and other materials contained on Cryptonoras website or provided in connection with the Cryptonoras services, including, without limitation, the Cryptonoras logo and all designs, text, graphics, pictures, information, data, software, source code, as well as the compilation thereof, sound files, other files and the selection and arrangement thereof. This material is protected by International copyright laws and other intellectual property right laws. These Terms shall not be understood and interpreted in a way that they would mean assignment of copyright or other intellectual property rights, unless it is explicitly defined so in these terms.

Cryptonoras hereby grants you a limited, nonexclusive and non-sub licensable license to access and use Cryptonoras’s copyrighted work and other intellectual propriety for your personal or internal business use. Such license is subject to these Terms and does not permit any resale, the distribution, public performance or public display, modifying or otherwise making any derivative uses, use, publishing, transmission, reverse engineering, participation in the transfer or sale, or any way exploit any of the copyrighted work and other intellectual propriety other than for their intended purposes. This granted license will automatically terminate if Cryptonoras suspends or terminates your access to the Cryptonoras services, Cryptonoras wallet or closes your Cryptonoras account.

Cryptonoras will own exclusive rights, including all intellectual property rights, to any feedback including, but not limited to, suggestions, ideas or other information or materials regarding Cryptonoras services or related products that you provide, whether by email, posting through our Cryptonoras website, Cryptonoras account or otherwise and you irrevocably assign any and all intellectual property rights on such feedback unlimited in time, scope and territory. Any Feedback you submit is non-confidential and shall become the sole property of Cryptonoras. Cryptonoras will be entitled to the unrestricted use, modification or dissemination of such feedback for any purpose, commercial or otherwise, without acknowledgment or compensation to you. You waive any rights you may have to the feedback. We have the right to remove any posting you make on Cryptonoras website if, in our opinion, your post does not comply with the content standards defined by these Terms.

PRIVACY POLICY

Please refer to our Privacy Policy published on Cryptonoras website for information about how we collect, use and share your information.